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screening externalities induced by competition among venture capitalists as a structural source of instability. We show that …
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of the trade union. Intensified product market competition decreases profit sharing, but increases the negotiated base … higher wage elasticity of labor demand. Finally, we show that intensified product market competition does not necessarily …
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equilibrium unemployment. The relationship between the long-run unemployment and the intensity of product market competition is …
Persistent link: https://www.econbiz.de/10002521703
screening externalities induced by competition among venture capitalists as a structural source of instability. We show that …
Persistent link: https://www.econbiz.de/10001739590
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We construct an overlapping generations growth model, where young consumers choose how to allocate resources among real investment (deposits), acquisition of bank ownership, and young-age consumption. At old age, consumers sell bank ownership and collect their bank deposits to support...
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deposit insurance weakens competition among banks and reduces total welfare relative to no or unlimited deposit insurance …
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